MONTREAL, May 5, 2005 (PRIMEZONE) -- The management team of A.G. Media Group, Inc. (Pink Sheets:AMGJ) is pleased to provide the following corporate updates in relation to its 2005 growth and expansion plan.
"Recent initiatives by the Company during its second full year of being publicly listed demonstrate that A.G. Media is achieving its business plan," said Pierre Redding, A.G. Media Group's President.
While the Company has attained a number of recent achievements, Mr. Redding notes the following pivotal and important reasons for the company's future success:
-- Significant Web Site Audience Traffic Increase. In the 7-month period since its redesign and launch of the GospelCity web property, to date, the company has realized total increased traffic of nearly 50%. Also, according to Alexa, the web property has also risen dramatically in overall web audience ranking increasing and is now in the top 20,000 out of the over 8 billion pages currently indexed on the Internet. This ranking demonstrates the company's importance in the Urban and Gospel market segment. -- New Products Expected to Yield Additional Revenues. The launch of a new Christian music and entertainment products e-commerce property will mark A.G. Media's entry into the $1 billion market of Christian CD retail. As well, two additional web properties to launch later this year will also fuel significant new advertising revenue streams. -- Greater Market Penetration. Development and acquisition of new demographically targeted media properties will enable the company to exponentially grow its user and audience base, while providing greater consumer value. This will also strengthen our value proposition, which should reflect in additional advertising revenue. -- Strategic Partnerships and Alliances Add Value. The Company is much more actively involved with its strategic partners. A.G. Media's strategic partners include leading industry publications as well as radio and television entities. Marketing agreements with media giant America Online (AOL) and a key industry organization -- The Gospel Music Association round out an extensive list of key partners. These partners extend A.G. Media's consumer and audience reach, while creating new revenue opportunities through increased page views, and co-branded initiatives. -- Industry Confidence. A.G. Media has secured the support and trust of both the mainstream and Christian music markets having managed online marketing campaigns for some of the largest artists and acts, including recent campaigns for American Idol's Ruben Studdard and pop music superstar, Gladys Knight. -- Strong Founders Commitment. The Company's founders and employees are committed to in its purpose of furthering Christian content and creating long-term value for A.G. Media shareholders.
Mr. Redding concluded, "2005 sees A.G. Media effectively executing its growth strategy and we are very excited about this. We are confident in our direction and look forward to continuing to build shareholder value."
About A.G. Media Group, Inc.
A.G. Media Group (http://www.agmediagrp.com) was established to become a leading Christian media holding company comprising Christian-based Internet, print, radio and television related content properties and technology development services. A.G. Media is also focused on the development of valuable, high demand content for distribution through multiple media outlets and through its continually growing audience base.
Safe Harbor Statement
All statements other than statements of historical fact included in this press release are forward-looking statements within the meaning of the private securities Litigation Reform Act of 1995. The forward-looking statements, including statements about the company's future expectations, including future revenues and earnings, and all other forward-looking statements (i.e., future operational results and sales) are subject to assumptions and beliefs based on current information known to the company and factors that are subject to uncertainties, risk and other influences, which are outside the company's control, and may yield results differing materially from those anticipated.